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Updated over 10 years ago,
Possible flip - need some advice
Hey all, I'm relatively new to this and I wanted to bounce a possible deal off of you. There's a bank owned house (just under 1,100 sf) selling for 99K, but needs at the very least, new carpet/flooring and paint, refaced cabinets. I'll be seeing it later this week to get a full run down.
Most of the homes in the area of similar size are on sale for $140-$150. Assuming the above items are all I need to do plus some misc. aesthetics what type of cost am I looking at?
Carpet/Flooring: $2,500?
Paint: $3,000?
Refaced Cabinets: $1,000?
Other (Landscape etc.): $1,500
Does this sound like a good starting point? Thanks for your help!!
Jatin